SM Mall of Asia — Manila, Philippines

SM Mall of Asia covers 506,443 m² on Manila Bay, making it the largest mall in the Philippines and the third-largest globally — yet it outperforms #2 Golden Resources Mall in entertainment value, drawing 150,000 daily visitors versus the latter's 80,000. Its concert arena hosts 60 international acts annually, and the IMAX theatre sells 1.2 million tickets per year, beating the average mega-mall's cinema by 25%. The world's largest outdoor atrium, at 20,000 m², and an Olympic-size ice rink create a full-day destination for Metro Manila's 14 million residents, with 95% occupancy among its 1,000 shops, a rate 30% higher than SM's global average.